Indobell Insulations IPO Booked Over 2.33 Times On Monday; Check GMP, Price Band And More
Indobell Insulations IPO GMP (grey market premium) was Rs 0 apiece as of 1:27 p.m. on Jan. 6, as per InvestorGain. The SME issue was fully booked on Monday.
Indobell Insulations Ltd. went live with its initial public offering on Jan. 6. The IPO is an entirely fresh issuance of 22.05 lakh shares, with no offer-for-sale component. The Indobell Insulations IPO, valued at Rs 10.14 crore, will be open for subscription till Jan. 8. Investors interested in the Indobell Insulations IPO must check out these key details before taking an investment call.
Indobell Insulations IPO: All You Need To Know
Indobell Insulations IPO price band has been set at Rs 46 per share, making it a fixed price issue where retail investors have to apply for at least 3,000 shares in one lot. This takes the minimum investment amount to Rs 1,38,000 for a single lot application.
The company has reserved 50% of its share offerings to retail investors and 50% to others.
Share allotment for the IPO is likely to be done on Thursday, Jan 9, with successful bidders getting their credit of shares to Demat accounts on Jan. 10. Refunds will be initiated to non-allottees on the same day.
Shares of Indobell Insulations are likely to be listed on BSE SME on Monday, Jan. 13.
Indobell Insulations Ltd. has appointed Integrated Registry Management Services Pvt. as the registrar for the issue, while Finshore Management Services Ltd. will act as the book-running lead manager. Black Fox Financial Private Ltd. is the designated market maker for the issue.
Indobell Insulations IPO Day 1 Subscription Status
The IPO was subscribed 2.33 times on Monday
Non-Institutional Buyers: 0.4 times
Retail Investors: 4.26 times
Indobell Insulations IPO GMP Today
Indobell Insulations IPO GMP (grey market premium) was Rs 0 apiece as of 7:26 p.m. on Jan. 6, as per InvestorGain. This points to a possible flat listing for Indobell Insulations IPO. However, the trends can change when the issue opens for subscription.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Indobell Insulations: Business And Financials
Indobell Insulations Ltd. makes insulation products like nodulated and granulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. Their products find application in residential, commercial, and industrial segments.
The company has manufacturing facilities in West Bengal and Maharastra and provides tailored insulation solutions adhering to the requirements of its clients.
Use Of Proceeds
Indobell Insulations will use the funds from its IPO to meet capex for buying an additional plant as well as machinery. Part of the proceeds will be used for meeting working capital needs and general corporate purposes.
Financials
Indobell Insulations Ltd. posted a revenue of Rs 5.56 crore and a net profit of Rs 42.39 lakh during the period ended Sept. 30, 2024. In FY24, its revenue dipped by 14.56% to Rs 17.98 crore from Rs 21.05 crore in FY23. The net profit, however, jumped 14.72% year-on-year to Rs 1.03 crore from Rs 90.01 lakh.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
